Singapore-based digital asset exchange platform Coinstore announced that its user base has crossed the 3.6 million milestone, with its daily transaction volume touching $450 million. 

Commenting on this development, Jennifer Lu, co-founder at Coinstore, said, “We started Coinstore in December 2020 when awareness around digital assets was limited. But, we are excited to reveal that it has transformed into a global force with over 3.6 million users who share our vision for the industry."

The company has operations in the United Kingdom, India, the United Arab Emirates, South Korea, Indonesia, Vietnam, the Philippines and Malaysia. 

Lu added that the company's ambition is to cement its status as the primary entry point for digital assets by 2025. "We will cater to millions of users worldwide, and become the premier global platform in emerging markets,” she said.

Coinstore is hosting its 'Brand Launch Conference 2023’ in Singapore on September 12, 2023. It will unveil its global brand positioning and key regional markets at this event in addition to introducing products and services, and outlining the company’s future strategic plans, the company said in its statement. 

The digital assets platform has over 200 employees worldwide, serving more than 3.6 million registered users in 175 countries. It holds compliance licenses in many countries of the world for providing global users with quick and smooth cryptocurrency trading services, derivatives business, OTC and NFT services.